First Week of December Okay for Alameda Home Sales

With the first week of December already over, just 17 shopping days left for those celebrating Christmas, I wanted to monitor the Alameda sales carefully as we close out the year. The market loses about seven day in the month between the 24th and the 31st for home sales. A few homes will sell and close during the period but for the most part any sale in Alameda has will come in the first 20 days.

The month already has seven home sales recorded for December and at that is a good pace to beat last years sales for the final month of the year. In December 2008, the Island saw just 21 sales and finished the year with 444 sales. Through the first 11 months of 2009, Alameda now has 414 sales and is now just 23 sales short of matching last year. This is amazing since sales were pacing far behind in June, the second of the year proved to be better for sales.

Two of the sales recorded in the first week were short sales. A townhouse at 1028 Marianas, Bay Farm, sold for 84 percent of the asking price. The other short sale received 96 percent of it asking price and sold for $400,000 and according to Zillow, 2524 Buena Vista last sold October 2007 for $770,000. That is a $370,000 loss.

Here are the rest of the sales for the week. Weekly inventory data is below the sales.

. Sale Date Address Zip Type Beds Baths Sq Feet List Price Sale Price % Distressed . 12/1/2009 1028 MARIANAS LN 94502 TWN HSE 4 2 1766 $499000 $420000 84% Short Sale . 12/1/2009 2524 BUENA VISTA 94501 SFR 4 3 1761 $415000 $400000 96% Short Sale . 12/1/2009 1401 SANTA CLARA 94501 SFR 2 1 1316 $567000 $530000 93% . 12/1/2009 1132 FOUNTAIN ST 94501 SFR 2 1 1195 $499000 $555000 111% . 12/3/2009 1831 HARVARD DR 94501 SFR 4 2 1604 $725000 $699000 96% . 12/2/2009 210 SHEFFIELD RD 94502 SFR 4 2 2256 $849000 $845000 100% . 12/2/2009 1304 MORTON ST 94501 SFR 3 2 2064 $949999 $938000 99%

Weekly Alameda Inventory Data

. . 12/7/2009 . Total 113 . 94501 93 . 94502 20 . SFR 65 . Condo 22 . Multi-Family 24 . Short Sale 19 . Foreclosure 13 . Price Reductions 43 . High List $1,799,000 . Low List $149,000 .